Sacks & Associates LLC Acquires New Position in Alerian MLP ETF $AMLP

Sacks & Associates LLC purchased a new stake in Alerian MLP ETF (NYSEARCA:AMLP) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 84,244 shares of the exchange traded fund’s stock, valued at approximately $4,645,000. Alerian MLP ETF accounts for 3.2% of Sacks & Associates LLC’s investment portfolio, making the stock its 9th largest position.

A number of other hedge funds also recently added to or reduced their stakes in AMLP. Global Trust Asset Management LLC lifted its position in shares of Alerian MLP ETF by 600.0% in the 1st quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock worth $37,000 after purchasing an additional 600 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Alerian MLP ETF by 800.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,125 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 1,000 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Alerian MLP ETF during the 4th quarter valued at about $57,000. Palladiem LLC acquired a new position in shares of Alerian MLP ETF during the fourth quarter valued at about $60,000. Finally, BROOKFIELD Corp ON acquired a new position in Alerian MLP ETF during the 2nd quarter valued at approximately $65,000.

Alerian MLP ETF Price Performance

Shares of AMLP stock opened at $54.96 on Friday. Alerian MLP ETF has a 1 year low of $44.64 and a 1 year high of $55.66. The firm has a market capitalization of $12.91 billion, a price-to-earnings ratio of 14.17 and a beta of 0.50. The business has a fifty day moving average of $53.18 and a 200 day moving average of $52.59.

Alerian MLP ETF Profile

ALERIAN MLP ETF seeks investment results that correspond (before fees and expenses) to the price and yield performance of its underlying index, the Alerian MLP Infrastructure Index (the Index). The Index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the United States energy infrastructure Master Limited Partnership (MLP) asset class. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).